Captivision Inc. Warrant (CAPTW) 10-Year Financial Performance & Capital Metrics

CAPTW • • Industrial / General

IndustrialsIndustrial SpecialtiesDigital Display SolutionsArchitectural Media Glass

AboutCaptivision Inc. engages in the development and manufacture of an architectural media glass product called G-Glass which is an IT-enabled construction material capable of transforming buildings into digital media devices. The company was founded on February 24, 2023 and is headquartered in Nailsworth, the United Kingdom.Show more

Revenue $15M -27.5%
EBITDA -$11M -3100.0%
Net Income -$75M -1168.2%
EPS (Diluted) -4.05 -2125.0%
Gross Margin 15.54% -50.0%
EBITDA Margin -72.93% -4238.6%
Operating Margin -90.72% -644.8%
Net Margin -510.54% -1649.6%
ROE -
ROIC -
Debt/Equity -
Interest Coverage -5.38 -101.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 33.4% through buybacks

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 8 (bottom 8%)
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg-110.53%

5Y Avg-110.53%

3Y Avg-110.53%

Latest-

Peer Comparison

Architectural Media Glass

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CAPTWCaptivision Inc. Warrant		0.01	-0.00	-27.51%	-5.11%

Profit & Loss

	Dec 2021	Dec 2022	Dec 2023
Sales/Revenue+	9.42M	20.19M	14.64M
Revenue Growth %	-	1.14%	-0.28%
Cost of Goods Sold+	10.54M	13.91M	12.36M
COGS % of Revenue	1.12%	0.69%	0.84%
Gross Profit+	-1.12M	6.28M	2.28M
Gross Margin %	-0.12%	0.31%	0.16%
Gross Profit Growth %	-	6.61%	-0.64%
Operating Expenses+	26.36M	8.83M	15.55M
OpEx % of Revenue	2.8%	0.44%	1.06%
Selling, General & Admin	7.72M	6.17M	9.87M
SG&A % of Revenue	0.82%	0.31%	0.67%
Research & Development	927.21K	300.49K	750.31K
R&D % of Revenue	0.1%	0.01%	0.05%
Other Operating Expenses	17.71M	2.35M	4.93M
Operating Income+	-27.48M	-2.46M	-13.28M
Operating Margin %	-2.92%	-0.12%	-0.91%
Operating Income Growth %	-	0.91%	-4.4%
EBITDA+	-23.91M	355.83K	-10.68M
EBITDA Margin %	-2.54%	0.02%	-0.73%
EBITDA Growth %	-	1.01%	-31%
D&A (Non-Cash Add-back)	3.58M	2.82M	2.6M
EBIT	-62.11M	-8.48M	-71.66M
Net Interest Income+	-1.67M	-879.48K	-2.45M
Interest Income	202.43K	39.97K	13.64K
Interest Expense	1.88M	919.45K	2.47M
Other Income/Expense	-36.5M	8.07M	-60.85M
Pretax Income+	-63.99M	5.62M	-74.12M
Pretax Margin %	-6.8%	0.28%	-5.06%
Income Tax+	-3.6M	-1.51M	2.86M
Effective Tax Rate %	0.94%	-1.05%	1.01%
Net Income+	-60.11M	-5.89M	-74.73M
Net Margin %	-6.38%	-0.29%	-5.11%
Net Income Growth %	-	0.9%	-11.68%
Net Income (Continuing)	-60.39M	-7.89M	-76.99M
Discontinued Operations	0	0	0
Minority Interest	3.61K	-60.58K	-2.38M
EPS (Diluted)+	-0.00	0.20	-4.05
EPS Growth %	-	-	-21.25%
EPS (Basic)	-0.00	0.20	-4.05
Diluted Shares Outstanding	30.67M	27.71M	18.45M
Basic Shares Outstanding	30.67M	27.71M	18.45M
Dividend Payout Ratio	-	-	-

Balance Sheet

	Dec 2021	Dec 2022	Dec 2023
Total Current Assets+	13.59M	9.17M	10.64M
Cash & Short-Term Investments	239.34K	196.63K	476.71K
Cash Only	239.34K	196.63K	476.71K
Short-Term Investments	0	0	0
Accounts Receivable	7.65M	1.73M	4.25M
Days Sales Outstanding	296.44	31.34	105.98
Inventory	2.46M	5.71M	4.75M
Days Inventory Outstanding	85.16	149.94	140.13
Other Current Assets	0	0	0
Total Non-Current Assets+	36.67M	27.46M	10.87M
Property, Plant & Equipment	16.17M	11.26M	10.67M
Fixed Asset Turnover	0.58x	1.79x	1.37x
Goodwill	0	0	0
Intangible Assets	4.25M	6.04M	93.83K
Long-Term Investments	8.77M	2.89M	107.86K
Other Non-Current Assets	5.54M	4.31M	0
Total Assets+	50.26M	36.62M	21.52M
Asset Turnover	0.19x	0.55x	0.68x
Asset Growth %	-	-0.27%	-0.41%
Total Current Liabilities+	54.19M	27.7M	51.33M
Accounts Payable	8.25M	7.18M	6.22M
Days Payables Outstanding	285.75	188.51	183.67
Short-Term Debt	250K	13.86M	17.09M
Deferred Revenue (Current)	0	0	0
Other Current Liabilities	32.49M	612.4K	777.37K
Current Ratio	0.25x	0.33x	0.21x
Quick Ratio	0.21x	0.12x	0.11x
Cash Conversion Cycle	95.85	-7.22	62.44
Total Non-Current Liabilities+	8.33M	6.21M	16.56M
Long-Term Debt	1.97M	4.74M	4.86M
Capital Lease Obligations	119.59K	24.69K	13.94K
Deferred Tax Liabilities	0	1.3M	0
Other Non-Current Liabilities	1.2M	69.84K	11.68M
Total Liabilities	62.52M	33.91M	67.9M
Total Debt+	29.32M	18.74M	22.14M
Net Debt	29.08M	18.43M	21.66M
Debt / Equity	-	6.90x	-
Debt / EBITDA	-	52.66x	-
Net Debt / EBITDA	-	51.81x	-
Interest Coverage	-14.65x	-2.67x	-5.38x
Total Equity+	-12.26M	2.72M	-46.38M
Equity Growth %	-	1.22%	-18.07%
Book Value per Share	-0.40	0.10	-2.51
Total Shareholders' Equity	-12.27M	2.78M	-44M
Common Stock	6.21M	1.61K	2.9K
Retained Earnings	-56.49M	-62.35M	-136.79M
Treasury Stock	836.92K	-410.45K	-978.92K
Accumulated OCI	2.08M	1.88M	800.45K
Minority Interest	3.61K	-60.58K	-2.38M

Cash Flow

	Dec 2021	Dec 2022	Dec 2023
Cash from Operations+	-4.99M	-5.5M	-10.48M
Operating CF Margin %	-0.53%	-0.27%	-0.72%
Operating CF Growth %	-	-0.1%	-0.91%
Net Income	-60.39M	-7.89M	-76.99M
Depreciation & Amortization	3.58M	2.82M	2.6M
Stock-Based Compensation	277.64K	687.89K	2.53M
Deferred Taxes	-3.6M	-1.51M	2.86M
Other Non-Cash Items	47.74M	9.73M	34.69M
Working Capital Changes	7.4M	-9.33M	23.82M
Change in Receivables	3.83M	4.69M	-5.87M
Change in Inventory	-1.23M	-3.32M	602.7K
Change in Payables	-446.57K	-1.66M	-1.21M
Cash from Investing+	5.2M	-1.1M	297.91K
Capital Expenditures	-342.26K	0	-191.22K
CapEx % of Revenue	0.04%	-	0.01%
Acquisitions	-	-	-
Investments	-	-	-
Other Investing	5.21M	321.37K	489.13K
Cash from Financing+	-125.11K	6.6M	10.51M
Debt Issued (Net)	-	-	-
Equity Issued (Net)	-	-	-
Dividends Paid	0	0	0
Share Repurchases	-	-	-
Other Financing	-8.73K	-116.1K	3M
Net Change in Cash	-	-	-
Free Cash Flow+	-5.33M	-5.5M	-10.69M
FCF Margin %	-0.57%	-0.27%	-0.73%
FCF Growth %	-	-0.03%	-0.94%
FCF per Share	-0.17	-0.20	-0.58
FCF Conversion (FCF/Net Income)	0.08x	0.93x	0.14x
Interest Paid	0	0	0
Taxes Paid	0	0	0

Key Ratios

Metric	2021	2022	2023
Return on Equity (ROE)	-	-216.91%	-
Return on Invested Capital (ROIC)	-122.6%	-9.69%	-
Gross Margin	-11.9%	31.11%	15.54%
Net Margin	-638.49%	-29.18%	-510.54%
Debt / Equity	-	6.90x	-
Interest Coverage	-14.65x	-2.67x	-5.38x
FCF Conversion	0.08x	0.93x	0.14x
Revenue Growth	-	114.46%	-27.51%

Frequently Asked Questions

Growth & Financials

Captivision Inc. Warrant (CAPTW) reported $14.6M in revenue for fiscal year 2023. This represents a 55% increase from $9.4M in 2021.

Captivision Inc. Warrant (CAPTW) saw revenue decline by 27.5% over the past year.

Captivision Inc. Warrant (CAPTW) reported a net loss of $74.7M for fiscal year 2023.

Dividend & Returns

Captivision Inc. Warrant (CAPTW) had negative free cash flow of $10.7M in fiscal year 2023, likely due to heavy capital investments.

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